October Revenue Report Released

Liz Gullett

Nov 11, 2016

This week, the nonpartisan House Fiscal Agency released their October 2016 monthly revenue report. Revenues for the month totaled $2,854.9 million, $96.7 million higher than the prior year. General Fund revenue was $967.4 million, $31.5 million higher than projections while the School Aid Fund revenue came in $10.9 million below estimates at $1,784.4 million.

Highlights from the report include:

Net Income Tax Revenue totaled $815.2 million
Net business taxes were $180.2 million
Consumption taxes totaled $831.5 million, $56.3 million higher on a year-to-date basis for FY15-16

To read the full report, please click here.

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Liz Gullett

October Revenue Report Released

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